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What is Cardano?

Charles Hoskins

What is Cardano?

Cardano is an open-source blockchain platform powered by ADA cryptocurrency token. The Cardano ecosystem was founded in 2015 by Charles Hoskinson, one of the founding members of Ethereum.

Cardano’s blockchain uses proof of stake to verify transactions. Coin holders can stake their ADA for the right to verify transactions and earn the transaction rewards.

Cardano ADA

Why Uglies Love Cardano

We believe in the Cardano project first and foremost. We believe in their process of checking twice and cutting once, and feel assured by them prioritsing quality of speed.

Cardano is looking to solve the problems that Ethereum faces: scalability, better security, cross-chain interoperability, and sustainability in their development.

ETH SOL

Why ADA and not ETH or SOL?

When we set out drawing Uglies we were pretty agnostic and actually started with a plan for Ethereum.

We researched all the options and we settled on Cardano because it felt the right size. We didn't want to fight it our as another ETH PFP, we wanted to build something cool, and Cardano was perfectly placed in time for us.

ADA Token

The Future

We are already into R&D for moving the current Uglies into Smart Contracts. It is our passion to learn the latest technologies so we wont miss the chance to build some SCs!

We are working with a local game dev studio to realise the long term dream of building a MetaVerse Game. Read more in the linked article.

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